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Rs 47:120.37 Refund Designation On Tax Form

SUBPART N. SPECIAL PROVISIONS, DONATION

OF TAX REFUNDS

§120.37. Refund designation on tax form

A. Notwithstanding any provision set forth in R.S. 47:120.3 through 120.101 or in

any other provision of law to the contrary, the designation to donate all or any portion of the

total amount of tax refund shall be made at the time of the filing of the current year tax return

and shall be made on the income tax return form as prescribed by the secretary of the

Department of Revenue.

B. Except as provided in R.S. 47:120.131, when the total amount of tax refunds

donated to any donee is less than ten thousand dollars per year for two consecutive years,

designation of such donee shall be removed from the income tax form.

C. Notwithstanding any provision set forth in R.S. 47:120.3 through 120.101 or in

any other provision of law to the contrary, upon receipt of any taxpayer's current year income

tax return upon which the designation of a donation has been made, the secretary shall enter

in a central record the amount of the donation and the name of the donor. Notwithstanding

any provision set forth in R.S. 47:120.3 through 120.101 or in any other provision of law to

the contrary, the amount of the donations received by the secretary, less twenty percent

credited to the department's expenses to defray administrative and printing expenses, shall

be disbursed to the designated donee before March first of the year following the year in

which the tax return was filed. Following the initial disbursement of monies, the secretary

shall quarterly disburse monies to the designated donees. The provisions of this Subsection

shall supercede any other provision of law in this Title 47 to the contrary.

D. The provisions of this Section shall be applicable to all existing and future refund

donations as provided for in Chapter 1 of Subtitle II of this Title and shall supercede any

provision of law to the contrary in this Title.

Acts 1992, No. 1026, §1, eff. for taxable periods beginning after Dec. 31, 1991; Acts

1997, No. 658, §2; Acts 2012, No. 7, §1, eff. June 30, 2012; Acts 2016, No. 187, §1, eff.

May 26, 2016.

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Local Government
Louisiana
3
8
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John Bel Edwards
John Bel Edwards
January 11, 2016 -
Democratic
1-225-342-4404
900 North 3rd Street, Baton Rouge, LA, 70802

Keywords
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